Annu Projects Secures Rs 5 Crores Funding from Chankya Opportunities Fund

Annu Projects Limited raises Rs 5 Crores from Chankya Opportunities Fund, a SEBI-registered AIF. The funds will support strategic initiatives and working capital, bolstering growth in telecommunications, sewerage, gas pipelines, and power sectors.

VMPL New Delhi [India], September 6: Annu Projects Limited has successfully raised Rs 5 Crores in funding from Chankya Opportunities Fund, a SEBI-registered Category II Alternative Investment Fund (AIF), through a preferential issue. This strategic investment reflects the confidence investors have in the company's vision and growth potential.

The funds will be crucial in advancing strategic initiatives and meeting working capital requirements, ensuring high-quality service delivery in the core sectors. The approval was secured from members on August 2, 2024. As a leading service provider, Annu Projects Limited specializes in the design, development, and maintenance of critical infrastructure in telecommunications, sewerage, gas pipelines, and power sectors. This investment will help strengthen its market position and drive sustained growth in these areas.

Gratitude is extended to Chankya Opportunities Fund for their trust, as Annu Projects looks forward to a fruitful partnership. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible for the content.)

(With inputs from agencies.)